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The key points from today’s economic news, brought to you by Guardian Stockbrokers.
UK CBI trends selling prices climbed in March
In March, CBI trends selling prices in the UK rose to a level of -1.00. In the previous month, CBI trends selling prices had registered a level of -3.00.
UK balance of firms reporting total order book above normal climbed in March
In the UK, the balance of firms reporting total order book above normal registered a rise to -14.00 in March, compared to a reading of -17.00 in the previous month. Market expectation was for the balance of firms reporting total order book above normal to advance to a level of -14.00.
Euro-zone current account surplus dropped in January
The seasonally adjusted current account surplus in the Euro-zone fell to €25.40 billion in January, from a revised current account surplus of €28.60 billion in the prior month.
Euro-zone current account surplus dropped in January
In January, the non-seasonally adjusted current account surplus in the Euro-zone dropped to €6.30 billion, following a revised current account surplus of €44.80 billion in the prior month.
Italy recorded current account deficit in January
Current account deficit in Italy recorded a level of €1.07 billion in January. Italy had registered a current account surplus of €6.14 billion in the previous month.
Swiss M3 money supply climbed in February
On a YoY basis, M3 money supply rose 1.70% in February, in Switzerland. M3 money supply had advanced 1.40% in the previous month.
Fed’s Dennis Lockhart says rate hike possible in April
Atlanta Fed President Dennis Lockhart stated that the US may be in line to increase short-term interest rates as soon as at the meeting scheduled for the end of April. The Fed official, who doesn’t hold a voting role on the interest-rate-setting Federal Open Market Committee this year, said that he supported the patient approach adopted at the recent Fed’s policy meeting which was more about ensuring that recent global financial volatility had settled down. But he added that an interest rate hike was possible at one of the upcoming meetings, given continued US economic growth.
US existing home sales declined in February
Compared to a level of 5.47 million in the prior month, existing home sales in the US dropped 7.10%, on monthly basis, to a level of 5.08 million in February. Market anticipation was for existing home sales to ease to 5.31 million.
US Chicago Fed national activity index declined in February
In February, the Chicago Fed national activity index eased to -0.29 in the US, compared to a revised reading of 0.41 in the prior month. Market anticipation was for the Chicago Fed national activity index to drop to 0.25.
Japanese manufacturing PMI eased surprisingly in March
The preliminary manufacturing PMI recorded an unexpected drop to 49.10 in Japan, in March, lower than market expectations of a rise to a level of 50.50. Manufacturing PMI had registered a level of 50.10 in the previous month.
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